The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( Top Gun Options) -- Strategic Mindset: As the "invisible hand" of the Fed keeps the market at least mentally out of freak mode and the threat of a European contagion subsides, the
Eject Criteria: In the Intermediate model portfolio we would bail out of this trade at a 50% loss, but we would re-evaluate at a loss of 25% -- we don't wait to fly into the side of a mountain to eject. We should know way before that point in time and make that decision as early as we can. Exit Tactic: Buy the front month calls back and sell the Jan13 calls for a profit. Note: We were filled in the Intermediate Model Portfolio at 2.11 Firing Line: It looks like the world might not actually end. Maybe. Israel/Iran still creeps us out and Europe is still a house of cards. Oh yes, there's an election where a former heavy from Bain could potentially be president. We think that would be a bullish sign for stocks. Happy hunting and make sure you hedge. Follow us on Twitter at either
@WhizCheck6 or @topgunoptions.